New economic data out this morning. The Commerce Department reported retail sales fell in June to seasonally adjusted 0.5 percent last month. This result follows declines in both April and May of this year.The decline occurred in almost every retail industry with the largest being at gas stations, which saw a fall of 1.8% in sales. The only sellers to report gains were liquor stores, clothing outlets, groceries and certain internet retailers.The last time retail numbers were down three months in a row was in the second half of 2008. Despite these results though, U.S. retail numbers over the last 12 months have risen 3.5%. For more financial news and analysis follow us on Twitter @FNNOnline.
